Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
somac.
on 30/07/2021, 10:35:37 UTC
⭐ Merited by shahzadafzal (1)
Binance getting regulated hard.

https://twitter.com/binance/status/1421033049098174468?s=21

No more futures/derivatives trading in several Euro countries.

So far Binance was a rogue exchange operating illegaly. Now the CEO came to the bright conclusion, that if they want to conitue operating, they have to get a licence in each country. I wouldn't be surprised if Binance turns out to be the new Mt Gox. I just wonder what is the IQ score of those traders keeping funds on that exchange. Trading bots there are one big hell of a mess. I really doubt any of these bots can bring a profit for a longer period. Especially judging by the most trades of magnitute 0.00x.  Grin Grin Grin Since the traders realised losses in the last 2 months on all exchanges are above $50 bil, I can only imagine the misery of these n00b traders, esp. in binance.

I don't think they're a mt gox. But, they are certainly dodgy, sort of like bitmex. Definitely can't trust them.

What options do we have then? Specially those outside of US?

There are crap loads of decent exchanges and plenty outside of the US. Bitstamp and kraken have been pretty solid.